Numis Securities Reaffirms “Hold” Rating for Paddy Power Betfair (LON:PPB)

Numis Securities reiterated their hold rating on shares of Paddy Power Betfair (LON:PPB) in a research note issued to investors on Wednesday, March 14th. Numis Securities currently has a GBX 8,320 ($116.79) target price on the stock.

Other research analysts have also recently issued reports about the stock. Peel Hunt reaffirmed a reduce rating and set a GBX 7,500 ($105.28) price target on shares of Paddy Power Betfair in a research report on Wednesday, March 7th. Berenberg Bank cut shares of Paddy Power Betfair to a sell rating and set a GBX 7,600 ($106.68) target price on the stock. in a research report on Thursday, January 11th. Barclays reduced their target price on shares of Paddy Power Betfair from GBX 9,400 ($131.95) to GBX 9,200 ($129.14) and set an overweight rating on the stock in a research report on Monday, March 12th. Deutsche Bank reissued a buy rating on shares of Paddy Power Betfair in a research report on Friday, March 9th. Finally, JPMorgan Chase lifted their price target on shares of Paddy Power Betfair from GBX 8,420 ($118.19) to GBX 8,690 ($121.98) and gave the stock a neutral rating in a research note on Friday, January 12th. Eight equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Paddy Power Betfair has a consensus rating of Hold and an average target price of GBX 7,852.50 ($110.23).

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Paddy Power Betfair stock traded down GBX 25 ($0.35) during trading on Wednesday, reaching GBX 6,970 ($97.84). The company had a trading volume of 254,239 shares, compared to its average volume of 192,747. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($92.26) and a 12-month high of GBX 8,967 ($125.87).

The firm also recently announced a dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, April 12th will be issued a GBX 135 ($1.90) dividend. This is an increase from Paddy Power Betfair’s previous dividend of $65.00. The ex-dividend date is Thursday, April 12th. This represents a dividend yield of 1.77%.

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About Paddy Power Betfair

Paddy Power Betfair plc, formerly Paddy Power plc, is an Ireland-based public online betting and gaming company. The Company operates through Online (ex Australia), Online Australia, UK Retail, Irish Retail, and Telephone segments. The Company offers sports betting and gaming, which include gaming machines, games, casino, bingo and poker, and business-to-business (B2B) services.

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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